Facebook Appoints Mike Schroepfer to CTO Position

Facebook Inc. (FB) appointed Mike Schroepfer as chief technology officer, promoting an executive steeped in the software and hardware that runs the world’s largest social network.

Schroepfer, who joined Facebook in 2008, has been involved in many of Facebook’s recent upgrades as vice president of engineering. He replaces Bret Taylor, who stepped down last year and left the company following its initial public offering.

The promotion helps fill Facebook’s executive ranks as it seeks to ramp up sales and user growth amid pressure from investors to generate more money from its more than 1 billion users. The company’s shares have declined 30 percent since the IPO in May.

“Mike Schroepfer’s new designation as Facebook’s CTO reflects the unique and important role he plays across the company,” Tucker Bounds, a spokesman for Menlo Park, California-based Facebook, wrote in an e-mailed statement.

Prior to joining Facebook, Schroepfer was vice president of Mozilla Corp., the company behind the Firefox Web browser. He was also at Sun Microsystems, now part of Oracle Corp. (ORCL)

To contact the reporter on this story: Brian Womack in San Francisco at bwomack1@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net

Source: Joi Ito/Flickr via Bloomberg

Facebook Inc.'s new Chief Technology Officer Mike Schroepfer smiles for a photo in this image taken November 19, 2010. Prior to joining Facebook, Schroepfer was vice president of Mozilla Corp., the company behind the Firefox Web browser. Close

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Source: Joi Ito/Flickr via Bloomberg

Facebook Inc.'s new Chief Technology Officer Mike Schroepfer smiles for a photo in this image taken November 19, 2010. Prior to joining Facebook, Schroepfer was vice president of Mozilla Corp., the company behind the Firefox Web browser.

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